20261 Forrer Street

895 Sq. Ft.
$81 / Sq. Ft.
895
Sq. Ft.
$81
per Sq. Ft.

Description

Great investment opportunity! Guaranteed rental income every month, lease has 4 years left with long term tenant! 3 bedroom brick bungalow, large open basement. Newer roof, hot water heater, furnace and so much more. Hardwood floors throughout lower level. Updated kitchen and bathroom with ceramic floors No showings without submitted and agreed upon offer. Buyer to pay Re/max Classic $495 processing fee and other closing costs required by the seller. Buyer/agent to verify all information. Information...Great investment opportunity! Guaranteed rental income every month, lease has 4 years left with long term tenant! 3 bedroom brick bungalow, large open basement. Newer roof, hot water heater, furnace and so much more. Hardwood floors throughout lower level. Updated kitchen and bathroom with ceramic floors No showings without submitted and agreed upon offer. Buyer to pay Re/max Classic $495 processing fee and other closing costs required by the seller. Buyer/agent to verify all information. Information is deemed reliable but not guaranteed. Great neighborhood, close to freeways leading downtown or connecting freeways around metro Detroit.
  1. Listed by Dona Tidwell • RE/MAX Classic
    P: (734)-353-8726 C: (734)-353-8726 myrealestate24seven@gmail.com

Property Details for 20261 Forrer Street

Architectural Style
Bungalow
Subdivision Name
MALONEY PARK SUB (PLATS)
Waterfront
No
LISTING UPDATED: 08/13/2025 03:42 AM

Property Details for 20261 Forrer Street

StatusClosed
MLS #40162590
Days on Market3
Taxes$1,013 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1946
Lot Size0.14 AC / 6,098 SF
CountyWayne County

Location

Listing Courtesy of RE/MAX Classic

Sold By EXP Realty Main

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Building Information for 20261 Forrer Street

Stories2Year Built1946Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$444 per month

30 year fixed, 6.36% Interest

Principal and Interest

$360

Property Taxes

$84

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 20261 Forrer Street

Summary
Location and General Information
  • Cross Street: S of 7 Mile/W of Greenfie
  • Directions: South of 8 Mile
  • Latitude: 42.44206001
  • Longitude: -83.20351801
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Association: No
  • Parcel Number: W22I054205S
  • Tax Annual Amount: $1,013.00
Parking
  • Garage: No
  • Parking Features: Paved
Property
Lot Information
  • Frontage Length: 40.0
  • Lot Size Acres: 0.14
Property and Assessments
  • Above Grade Finished Area: 895.0
  • Building Area Total: 1495.0
  • Custom 2: Yes
  • Living Area: 895.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Raw Mls Bathrooms Total: 1.0
  • Raw Mls Latitude: 42.44205
  • Raw Mls Longitude: -83.203516
  • Raw Mls Lot Size: 40.00X157.00
  • Raw Mls Modification Timestamp: 11-23-2022 12:16:05 PM
  • Raw Mls Photos Change Timestamp: 07-31-2024 10:31:26 PM
  • Raw Mls Photos Count: 12
  • Raw Mls Property Sub Type: Single Family
  • Raw Mls Stories Total: 2.0
  • Year Built: 1946
Building Features
  • Construction Materials: Brick
  • Stories: 1
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Rooms Total: 7

Property History for 20261 Forrer Street

DateEvent & SourcePriceAppreciation
May 27, 2021

Sold (Public Record)

Public Record #1465775196

$72,160

+19.0% / yr

May 27, 2021

Sold

MiRealSource #40162590

$72,160—
Apr 13, 2021

Contract Signed

MiRealSource #40162590

—
DateEvent & SourcePrice
05/27/2021

Sold (Public Record)

Public Record #1465775196

$72,160

+19.0% / yr

05/27/2021

Sold

MiRealSource #40162590

$72,160
04/13/2021

Contract Signed

MiRealSource #40162590

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 20261 Forrer Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,070 ($89 / month)
Home Facts
Beds0Baths1Total Finished SqFt895 SqFtAbove Grade Finished SqFt895 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1946ZoningR1CountyWAYNEAPN22054205.Fireplace TypeHas Fireplace

Schools near 20261 Forrer Street

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Bow Elementary-Middle School
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Classic

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